Lately, Waste Management's revenue has improved thanks to more industrial output and higher commodity cost, which make recycling more lucrative. However, Steiner in July warned Waste Management volumes would likely be weaker than expected in the second half, prompting the company to lower its earnings outlook for the year.

Waste Management's profit rose to $272 million, or 58 cents a share, from $244 million, or 51 cents a share, a year earlier. The latest results included restructuring charges, write-downs and acquisition costs, while the prior period included tax items. Excluding items in both periods, earnings rose to 63 cents a share from 55 cents.

Revenue increased 8.9% to $3.52 billion.

A survey of analysts by Thomson Reuters predicted earnings of 61 cents a share on $3.41 billion in revenue.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.